Vehicles in Panama: Sales Almost Zero
Wednesday, July 1, 2020
During May 2020, only 96 vehicles were reported for sale in the Panamanian market, 98% less than the same period in 2019.
The General Comptroller of the Republic reported that in the context of restrictions to economic activity by the outbreak of covid-19 sales have fallen considerably, since between May 2019 and the same month of 2020, the number of new units registered in the country decreased from 4,048 to 96.

See "Vehicles: Prices, Trends and Potential Market"

From January to May 2020, sales of regular cars reported a 52% decrease over the same period in 2019, falling from 6,843 to 3,304 units, and sales of Pick Ups recorded a 55% decrease, falling from 3,141 to 1,418 units.

You may be interested in "Trends: What Types of Vehicles Are Gaining Market Share?"

On the other hand, trucks also registered a decrease for the months in question by dropping from 478 to 235 units, which represents a 24% decrease.

See statistics from the Comptroller's Office (in Spanish).

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More on this topic
Cars in Panama: Sales Keep Improving
November 2020
After reporting the sale of only 96 vehicles in May, due to the quarantine decreed by the covid-19 outbreak, in July the figure rose to 1,112, in August to 1,398 and in September to 2,403 units.
The General Comptroller of the Republic has been reporting that in the context of restrictions to commercial activity due to the health emergency, sales have fallen considerably, since between September 2019 and the same month in 2020, the number of new units registered in the country decreased by 29%, from 3,408 to 2,403.
Vehicles: Is the Sales Trend Reversed?
September 2019
Although the downward trend in new vehicle sales continues in Panama, the declines in the number of units marketed reported in recent months compared to the same periods in 2018 are decreasing.
In line with the downward behavior of recent years, between January and May 2019 19,819 vehicles were registered in the country,
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October 2018
During the first eight months of 2018, 33,343 new vehicles were registered, 13% less than in the same period of 2017, according to the behavior reported since last year.
The latest figures from the General Comptroller's Office show that from January to August 2018, 11,767 new car-type vehicles were registered, 20% less than the 14,643 units registered in the same period in 2017.
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Between January and May of 2018, 21,716 new units were registered in Panama, 12% less than in the same period in 2017, reaffirming the downward trend observed since last year.
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